Eastern Bank Buys 90,250 Shares of Schwab US Dividend Equity ETF (NYSEARCA:SCHD)

Eastern Bank grew its stake in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 155.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 148,433 shares of the company’s stock after acquiring an additional 90,250 shares during the quarter. Eastern Bank’s holdings in Schwab US Dividend Equity ETF were worth $4,055,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Keystone Financial Planning Inc. increased its stake in Schwab US Dividend Equity ETF by 188.6% during the 4th quarter. Keystone Financial Planning Inc. now owns 5,365,627 shares of the company’s stock worth $146,589,000 after purchasing an additional 3,506,729 shares in the last quarter. Wulff Hansen & CO. boosted its position in Schwab US Dividend Equity ETF by 8,405.3% during the 2nd quarter. Wulff Hansen & CO. now owns 1,455,434 shares of the company’s stock worth $113,175,000 after acquiring an additional 1,438,322 shares during the last quarter. Burkett Financial Services LLC boosted its position in Schwab US Dividend Equity ETF by 201.1% during the 4th quarter. Burkett Financial Services LLC now owns 1,542,139 shares of the company’s stock worth $42,131,000 after acquiring an additional 1,030,031 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 209.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 912,589 shares of the company’s stock valued at $77,141,000 after buying an additional 617,308 shares during the last quarter. Finally, Allied Investment Advisors LLC boosted its holdings in shares of Schwab US Dividend Equity ETF by 18,100.5% in the 3rd quarter. Allied Investment Advisors LLC now owns 477,398 shares of the company’s stock valued at $40,354,000 after buying an additional 474,775 shares during the last quarter.

Schwab US Dividend Equity ETF Stock Up 1.0 %

Shares of NYSEARCA SCHD traded up $0.26 during trading hours on Monday, hitting $27.27. The company had a trading volume of 16,331,878 shares, compared to its average volume of 17,009,988. The stock has a market capitalization of $19.13 billion, a P/E ratio of 15.04 and a beta of 0.74. Schwab US Dividend Equity ETF has a 1-year low of $24.97 and a 1-year high of $29.72. The firm’s 50 day moving average is $28.29 and its 200-day moving average is $27.77.

About Schwab US Dividend Equity ETF

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.